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EDITION: 21 February, 2025

Forbes India

21 February, 2025

Ajay Singh is a survivor. But can he turn around SpiceJet again?

Ajay Singh has turned around so many things so many times that no one rules out yet another comeback by him. But the odds are stacked against him

Cover Image: Madhu Kapparath

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Podcast

Ajay Singh and SpiceJet: A story of survivors

Ajay Singh, chairman and MD of SpiceJet, calls himself a survivor. He bought ModiLuft in 2005 and turned it into SpiceJet. The budget airline faced turbulent times in January 2015, and once again, it was Singh who revived the outfit. A decade later, SpiceJet is at a similar crossroads again. Singh's resilience remains unchanged, but now the odds are stacked against him too. The cover story of Forbes India's latest issue looks into the depth of these challenges and Singh's survival strategies

Forbes India

Forbes India 13th Anniversary: Rewind of Key Milestones of India's Corporates and Startups

A rewind of the key milestones in India's corporates and startups, through the lens of 13 years of Forbes India

Column

Brian Carvalho
India: From IT to GCC hub

Roughly 60 percent of the top 500 global companies have set up GCCs in India, according to the 2024 annual report of Inductus, a GCC enabler. These centres are expected to add jobs at a faster rate than the large IT services companies

Leadership

Harichandan Arakali
We are on a transformation journey: Harman India's Krishna Kumar G

Harman's automotive R&D team in India has delivered innovations in areas such as 'intelligent cockpits' and 'in-vehicle infortainment'
Rajiv Singh
Ajay Singh is a survivor. But can he turn around SpiceJet again?

Ajay Singh has turned around so many things so many times that no one rules out yet another comeback by him. But the odds are stacked against him
Harichandan Arakali
We will be building AI from India: Meltwater's Aditya Jami

Meltwater is one of the latest companies to start an India R&D centre and its CTO, Jami, expects to turn it into a full-fledged GCC
Harichandan Arakali
Our work in India will have a global impact: Novo Nordisk's John Dawber

Novo Nordisk is growing its India-based global business services to fill out vertical stacks, expand horizontal functions, and deliver more innovation, Corporate VP and MD, GBS, Novo Nordisk tells Forbes India
Harichandan Arakali
India will soon house 70 percent of our R&D: OpenText's Muhi S Majzoub

At OpenText, acquisitions have powered a cross-functional and dynamic workforce in India, ready to step into the future, says EVP, Security Products, OpenText
Harichandan Arakali
Helping customers with complex design is our forte: Cadence India's Jaswinder Ahuja

Cadence's India teams are playing an indispensable role in developing the company's AI software
Harichandan Arakali
We aspire to become a truly global hub: Providence India's Murali Krishna

In five years, Providence's global innovation centre in Hyderabad has delivered multiple innovative projects; the company's chief global officer and country head shares its vision
Harichandan Arakali
From pure-play engineering we're now end-to-end: Roche India's Raja Jamalamadaka

Roche's India GCC, with its genesis in acquired products startup, has functioned as an innovation centre of excellence, the managing director of Roche Digital Centre of Excellence, India, tells Forbes India
Rajiv Singh
I was born crazy... it's okay: SpiceJet's Ajay Singh

Ajay Singh on stress as a stimulant, the die-hard optimist in him, why failures are a part of life, and more
Harichandan Arakali
Indian GCCs and the talent landscape

The rise of the GCCs in India is happening at a time when the country's biggest IT services companies have stopped hiring in large numbers, faced with cost-cutting and demand for AI-led automation among clients
Harichandan Arakali
As GCCs mature, Tier II and III locations will become attractive

A growing number of companies are beginning to go beyond the metros to tap a valuable tech talent pool that is seen as equally hungry to learn and contribute as its big-city counterpart but less prone to churn
Manu Balachandran
Indian talent base is extremely strong and has earned its scale and size and Boeing: Salil Gupte

Gupte, president, Boeing India, on the American aircraft maker's GCC operations in India, and how it has been tapping into talent here to build aircraft for the world
Manu Balachandran
There's a little bit of India in every Mercedes in the world: Manu Saale

As vehicles become more technology-enabled, the German automaker's R&D arm in India has emerged as a crucial vertical for the company, the MD & CEO of Mercedes-Benz R&D India talks to Forbes India
TCA Ranganathan
India needs to move from being world's back office to R&D ecosystem: TCA Ranganathan

The former chairman of EXIM Bank of India writes that the interesting part of India's growth story is that our R&D spend as a percentage of GDP is quite low, less than a third of the global average of 2 percent of GDP
Alan Ohnsman
Nikola's hydrogen-powered rigs: The Bentley of trucks

Struggling US truck maker Nikola's hydrogen-powered rigs are now winning over drivers. Now to tackle how to fuel them